More government support for British citizens in Spain
The British government is finally doing something to support British citizens in Spain. In particular, putting pressure on Spain to find solutions to the illegal building problem that has ensnared thousands of hapless British expats in Spain. The following press release from the Department of Communities and Local Government shows that some steps are being [...]
Spanish developers, their debts, and how not to solve a problem
An article today in the Spanish daily El Pais draws attention to the fact that Spain’s 8 biggest, listed developers have seen their balance sheets shrink by 40% over the course of the property market crash, thanks to tumbling asset values and disinvestments to pay down debts. It’s always worth keeping an eye on the [...]
Court case in Valencia sheds light on dirty dealings in property business
The other day I noticed a short article in the Valencian press about a civil case between a Spanish company called Morarim SL, and Zodiac Villas, a Surrey-based estate agency that sold property investments in Spain. The case sheds some light on the dirty dealings typical of the Spanish property business over the last decade.
Expats march for property rights in Andalucia
Expats from all over Andalucia joined a demonstration last Wednesday in Malaga city to protest against property rights abuses in the region, and the demolition threats hanging over many of their homes. When retired expat pensioners, normally invisible in Spanish public life, go on noisy protest marches to voice their anger, then something has gone [...]
Official Spanish house price index invites ridicule
Spanish property price fell by an average of just 4.3% last year, according to the official house price index prepared by the National Institute of Statistics (INE). Everyone in the business knows that average prices fell much more than that, so why is the INE publishing figures that invite ridicule and risk making foreign observers [...]
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